Orano - Annual Activity Report 2025 344 6 FINANCIAL STATEMENTS Consolidated financial statements – financial year ended December 31, 2025 Deferred tax assets and liabilities (in millions of euros) December 31, 2025 December 31, 2024 Deferred tax assets 171 207 Deferred tax liabilities 68 60 TOTAL DEFERRED TAX ASSETS AND (LIABILITIES) 103 147 For all French companies, the expected tax rate for temporary differences is 25.83% for reversals from 2026. MAIN CONSOLIDATED DEFERRED TAX ASSETS AND LIABILITIES BY TYPE (in millions of euros) December 31, 2025 December 31, 2024 TAX IMPACT OF TEMPORARY DIFFERENCES RELATED TO: Intangible and tangible fixed assets and non-current assets (including right-of-use assets on leases) (106) (91) Working capital assets (2) 24 Employee benefits 12 8 Provisions for end-of-lifecycle operations and mining site remediation 26 29 Impact of tax loss carry forwards and deferred taxes 199 213 Other temporary differences (including lease liabilities and provisions for the remediation of leased assets) (25) (35) TOTAL DEFERRED TAX ASSETS NET OF LIABILITIES 103 147 CHANGE IN CONSOLIDATED DEFERRED TAX ASSETS AND LIABILITIES (in millions of euros) December 31, 2025 December 31, 2024 At January 1 147 94 Tax recognized in profit or loss (21) 55 Tax expense recognized directly in other items of comprehensive income (16) 23 Other changes – (27) Currency translation differences (6) 1 TOTAL DEFERRED TAX ASSETS AND (LIABILITIES) 103 147 CONSOLIDATED DEFERRED TAX INCOME AND EXPENSE BY CATEGORY OF TEMPORARY DIFFERENCE (in millions of euros) December 31, 2025 December 31, 2024 Intangible and tangible fixed assets and non-current assets (including right-of-use assets on leases) (88) (135) Working capital assets 5 (22) Employee benefits 14 10 Tax-driven provisions (18) (18) Provisions for end-of-lifecycle operations and mining site remediation – 2 Provisions for restructuring (1) 2 Net tax loss carryforwards and deferred taxes 17 98 Impairment/reversal of deferred taxes 18 157 Other temporary differences (including lease liabilities and provisions for the remediation of leased assets) 32 (37) TOTAL DEFERRED TAX INCOME (EXPENSES) (21) 55
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